Personal Finance & Money Asked on August 8, 2021
I own some shares in a company OAS that was delisted from Nasdaq. It went to trade at OTC under ticker OASPQ. It later underwent a reorganization (Chapter 11) and is back trading at Nasdaq under its old ticker OAS. What happened to the shares I owned in OAS before it was delisted?
According to an app I was trading in, OASPQ shareholders "will receive warrants which will be exchanged to cash at best available price" but I was not able to find OASPQ anymore Bloomberg: OASPQ and Weibull: OASPQ.
Here is something I found from a press release, does this say I have a right to some shares in the new company or am I completely wrong?
Oasis’ unsecured claims, including holders of Oasis’ senior unsecured notes, received their proportionate distribution of 100% of Oasis’ newly issued common stock (subject to dilution).
Some recent history of OAS (Oasis Petroleum):
That quote is indeed relevant. Here is what happened:
Answered by jmabs on August 8, 2021
The OASPQ shares were cancelled, (making them worthless), according to the company's press release:
In connection with emergence from Chapter 11, all of the Company's existing equity interests will be cancelled, effective before the market opens on November 20, 2020.
Answered by Orange Coast- reinstate Monica on August 8, 2021
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